I don't understand what are you confused here with. It's all straightforward. You choose your currency. If it's USD, when you send your bitcoins to your Circle wallet, they will be automatically converted into Usd at the current Circle rates.
If it's in BTC than when you make a withdrawal to your USD bank account, of course it will ask you to convert your coins to dollars, you can't withdraw bitcoins to your BoA.
As for the difference between rates between exchanges, every exchange has its own conversion rates. Don't worry about this, it's normal.
Topic: Circle Account USD or BTC Balance? (Read 667 times)
Im confused here. So i transfer about 250 dollars from my electrum to my circle account. My account is in USD, thus the default currency. I then transferred it to my bank of america and it say it will take a few days for the funds to show up there. I know its an ACH transfer.
So if i change my currency to btc, i know when sending btc from electrum to circle will show btc amount in my wallet. However, the moment i decide to make a withdraw to my bank of america, it will then tell me what the conversion would be and ask me yes or no... then once i say yes... then it will send the usd amount to my bank account? But if i decline, then nothing happens?
Another thing but is the btc rate selling higher on circle then coinbase? It showed 313 usd... whereas coinbase shows 307 as the selling rate?
So if i change my currency to btc, i know when sending btc from electrum to circle will show btc amount in my wallet. However, the moment i decide to make a withdraw to my bank of america, it will then tell me what the conversion would be and ask me yes or no... then once i say yes... then it will send the usd amount to my bank account? But if i decline, then nothing happens?
Another thing but is the btc rate selling higher on circle then coinbase? It showed 313 usd... whereas coinbase shows 307 as the selling rate?
I created circle account. I then transferred funds from electrum to circle very small amount. I then saw a usd balance transfer as oppose to btc. I then looked and saw my default acct is usd as oppose to btc. Do people here who use circle default acct is usd or btc? Did many of you change it to btc or usd depending what you want?
Im guessing most of you keep your circle accounts in btc as oppose to usd?
Im guessing most of you keep your circle accounts in btc as oppose to usd?
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